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Shares of Larsen & Toubro (L&T) surged over 4% in morning trade on July 30; Should you buy, sell or hold?
Larson & Toubro Share Price
L&T Shares Price: Shares of Larsen & Toubro (L&T) surged over 4% in morning trade on July 30, after the engineering and infrastructure major posted robust financial results for the June quarter. The stock was trading at Rs 3,651, making it the top performer on the Nifty 50 index.
On July 29, the company reported a consolidated net profit of Rs 3,617 crore for Q1 FY26, registering a 30% year-on-year (YoY) increase from Rs 2,786 crore in the same quarter last year. Revenue from operations rose 15.5% YoY to Rs 63,679 crore, compared to Rs 55,120 crore in Q1 FY25.
The company also reported a 33% YoY rise in order inflows, which came in at Rs 94,453 crore for the quarter ended June 30, 2025. L&T attributed this to strong demand, particularly from the Middle East region.
Should You Buy, Sell or Hold L&T Stock?
Global brokerage Jefferies reiterated its ‘Buy’ call and raised its target price to Rs 4,230 per share, up from Rs 3,965 earlier. The firm noted that Q1 EBITDA was 7% ahead of estimates, driven by better-than-expected execution. It also said that the company is well-positioned to meet its guidance, though it flagged that the 15% revenue growth outlook appears conservative, given the strong order book.
Domestic brokerage JM Financial also maintained a ‘Buy’ rating on the stock and raised its target price by 12% to Rs 4,313, implying an upside of over 23% from the previous close. The firm called L&T’s performance a “strong positive surprise,” especially with order inflows of Rs 94,500 crore, significantly above its own estimate of Rs 56,600 crore. JM Financial added that L&T remains its top infrastructure sector pick, backed by a structural uptick in project tendering in the Middle East.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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